ridethepig | Dovish SARB On Deck!
Updated
We are reaching the lows in the range right on time for SARB today. Markets are expecting a 50bps move, a little bird tells me that we are set for more... Remember the domestic story in South Africa is only going one way; sadly it's the same outcome as Turkey.
On the technical side, tracking closely the 18.00 support to build longs outguessing a dovish SARB. Look to target the 18.5x and 19.0x highs and lighten up below 17.7x.
Good luck.
On the technical side, tracking closely the 18.00 support to build longs outguessing a dovish SARB. Look to target the 18.5x and 19.0x highs and lighten up below 17.7x.
Good luck.
Note
No fills so far, we'll leave it pending till tomorrow otherwise we can re-open the swing with new levels.Order cancelled
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